Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Professor Snowball wrote an article about PRCFX in the December MFO issue.
https://www.mutualfundobserver.com/2023/12/launch-alert-t-rowe-price-capital-appreciation-income-fund/
Professor Snowball wrote a good article about QLTY in the December MFO issue.
https://www.mutualfundobserver.com/2023/12/launch-alert-gmo-us-quality-equity-etf/
GARP = Growth At a Reasonable Price
As Yogi mentioned, GARP is a valid strategy.
Remember that strategies can cycle in/out of favor during different environments.
I'm not familiar with these ETFs and their implementation of GARP.
The Week in Charts (12/03/23)
The most important charts and themes in markets, including...
00:00 Intro
00:11 A November to Remember (Markets)
05:05 180 Shift in Sentiment (Sentiment)
08:30 Dow at New Highs (Dow 30)
10:04 The Recession That Never C…
The Big Bang Investors! moderator was inundated with complaints about FD1000 repeatedly
posting about the same things (his 'system', his perfect timing, 'don't listen to experts', etc.).
Sound familiar?
The moderator is a strong free speech proponen…
It seems like quite a few very prominent people have passed away in recent days.
Rosalynn Carter, Charlie Munger, Henry Kissinger, and now Sandra Day O'Connor.
It's a shame disgraceful behavior like this is tolerated or ignored by so many in the House.
I'm pleased though that 311 Representatives voted to expel Santos.
Let's get this scumbag the hell out of the House and in federal prison where he belongs!
M* looked into the Dodge & Cox "trading scandal."
According to M*, Mr. Hoeft's trading was ethical and he did not engage in front-running.
"It’s a stretch to call Hoeft’s trading activity front-running. For example, Hoeft and Dodge & Cox, i…
This concept is right up there with the absurdity of the Cadillac "pickup". Will likely be bought by people with too much money who never did a bit of manual labor in their entire lives.
Bingo!
Good article.
A large number of people have negative views regarding their financial status yet many people
still have "excess savings" from Covid stimulus checks, the economy is humming along,
the unemployment rate is very low, and inflation is de…
Charlie Munger was my favorite curmudgeon investor.
He was Warren Buffett's closest friend and consigliere for many years.
His influence on Berkshire Hathaway was tremendous.
I liked that Mr. Munger always spoke his mind - you knew exactly where he …
The Week in Charts (11/28/23)
The most important charts and themes in markets, including...
00:00 Intro
00:18 The Volatility Crash ($VIX)
05:30 An Unexpected Combination of Events (Higher Rates/Stocks/Multiples)
07:55 Exponential Growth ($NVDA)
11:…
[snip]
It’s tragic because it shows contentment is basically impossible to find. Regardless of how much you make, you’ll always want more. The goalposts just keep moving."
Many people find it difficult to avoid the hedonic treadmill.
Baird muni funds are attractive in the tax-exempt fixed income category.
They have low expenses, are team-managed, and Baird is an admirable firm.
A different team (headed by Mary Ellen Stanek and Warren Pierson)
manages the firm's taxable fixed inc…
After Laura Geritz founded Rondure, there were numerous articles praising her prior record at Wasatch.
I thought ROSOX might be a potentially good foreign fund.
I haven't followed the fund or firm for years.
ROSOX performance has certainly been unde…
The Week in Charts (11/20/23)
The most important charts and themes in markets, including...
00:00 Intro
00:15 The Road to Lower Inflation (CPI Report)
05:43 More Evidence of Cooling Inflation (PPI, Import Prices)
07:00 Will CPI Decline Again in Nov…
The Ferrari 250 GTO is a true classic sports car.
It must be a blast to drive with a 300 HP V-12 engine and a dry weight of under 2000 lb.
Unfortunately, it will most likely be a garage queen.
The Week in Charts (11/12/23)
The most important charts and themes in markets, including...
00:00 Intro
00:16 The Tremendous Two (Apple & Microsoft)
03:35 The Fantastic Four (Apple, Microsoft, Google & Amazon)
06:41 The Enormous Eight (Appl…
Thanks for making me aware of TCIFX! Giroux is equity and Shuggi is an equity quant and allocation guy...
[snip]
Jeff Ptak from M* asked David Giroux: "With the benefit of hindsight, what do you think you might have urged your younger self to do a…
I own VTMSX in the small-cap blend category.
Like Mike M, I am also not very interested in small-cap growth funds.
Many small-cap growth funds are just too speculative for me.
The Week in Charts (11/05/23)
The most important charts and themes in markets, including...
00:00 Intro
00:24 Bouncing Back With a Vengeance (Equities)
03:17 Investing in a Drawdown
06:08 Improving Bottom Line (Earnings)
09:54 Loosening Labor Marke…
Yogi,
Thanks for your response.
I now understand the context for this statement.
You're referring to the call writing process itself while I compared the fund's performance
to its S&P 500 benchmark.
"Covered-calls don't offer downside protection (beyond the small premium received)."
@yogibearbull,
Can you elaborate?
One facet of the JEPIX approach "seeks to deliver a significant portion of the returns associated
with the S&P 500 Index wit…
This discussion reminds me of why I like to stay away from ”rock star” managers.
[snip]
I've had mixed results investing in funds with "star managers."
When choosing active funds, I now prefer funds which are team-managed.
The Week in Charts (10/22/23)
The most important charts and themes in markets, including...
00:00 Intro
00:15 The Year's Biggest Correction (Equities)
06:09 Earnings Comeback (Big Tech, S&P 500)
10:03 Buying vs. Renting (Housing Market)
17:20 U…
GIM had a sizable allocation to emerging market bonds.
M* categorized GIM as an EM bond fund from at least 2013 until 2018.
From 2019 through 2021 M* placed the fund in the nontraditional bond category.
Since 2022 GIM has been categorized as a globa…
Michael Hasenstab started co-managing Templeton Global Bond (TPINX) on 12/31/2001.
He started managing Templeton Global Income (GIM) on 02/28/2002.
The two funds generated excellent returns for years.
Mr. Hasenstab was subsequently named M* 2010 Fix…
Your comments regarding bond funds in 2022 and 2023 are spot-on.
You have a knack for reporting past performance.
I'm much more interested in future bond fund performance.
Can you tell me which bond funds or bond categories will outperform over t…
Most MFO participants are here to discuss investing.
Overtly political threads can be a major distraction.
These types of "discussions" often devolve into accusations, name-calling, and animosity.
The commentary may be very objectional to some.
AFAI…
Check out the M* HSA article that YBB referenced.
M* has published annual evaluations of HSA providers since 2017.
ISTR that the Fidelity HSA was always rated high as an investment vehicle.
FWIW...
Outflows were significant for many funds with the largest estimated capital gains distributions.
"Diamond Hill Small Cap Fund DHSCX will likely make a whopping 23% distribution. In the 12 months ending in September, the fund’s assets have shrunk by…
